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SAIA Successfully Holds Annual General Meeting (AGM) 2020

Published

2020

Mon

27

Jul

Johannesburg At its first ever virtual Annual General Meeting (AGM) held on 23 July 2020, the South African Insurance Association (SAIA) successfully nominated a new SAIA Board of Directors composed of non-life insurance member companies, reinsurance companies and state-owned enterprise chief executives and managing directors.

 

SAIA CEO, Ms Viviene Pearson welcomed the new SAIA Board and thanked the previous Board for its sterling work through the year 2019/2020. “The last few months have been quite challenging for our industry and the country due to the COVID-19 pandemic, but SAIA members rose to the challenge and rendered support to those in need. From 26 March 2020 to the end of May 2020, the industry supported South Africa with close to R1.7bn through several initiatives that included premium discounts, premium holidays as well as donations to the Department of Health, to mention a few. We are not yet out of the woods as there is still a lot of work to be done around this pandemic. One of the challenges that the industry, together with government, does need to address is around exploring future solutions for pandemics as well as other potentially uninsurable risks. This important work has been initiated.”

 

Ms Pearson also stated that the industry is still faced with several other significant challenges including transformation, governance, and insurance risks brought about by climate change which have had a significant impact on the industry through droughts, hailstorms, and flash floods. These, she noted, not only affect the built environment and its infrastructure, but also have a profound impact on the farming community, and the nation’s food security.

 

“To the newly nominated SAIA Board, I wish all of you a successful year within the SAIA Board. Your experience and expertise will certainly add a lot of value in finding solutions for the challenges faced by the industry as well as the South African and the world economy,” she concluded.

 

The newly nominated SAIA Board members are as follows:

 

Group A

Lizé Lambrechts Santam Limited

Willem Lategan Hollard Insurance Company Limited

Danie Matthee OUTsurance Insurance Company Limited

Nolwandle Mbalo Standard Insurance Limited

Garth Napier Old Mutual Insure Limited

Edwyn O'Neill Bryte Insurance Company Limited

Anton Ossip Discovery Insure Limited

Herman Schoeman Guardrisk Insurance Company Limited

 

Group B

Robyn Farrell Auto & General Insurance Company Limited

Walter Marte Nedgroup Insurance Company Limited

Easvarie Naidoo Lloyd’s South Africa Limited

Charles Nortje Credit Guarantee Insurance Corporation of Africa Limited

 

Group C

Wayne Abraham AIG South Africa Limited

Gary Jack Chubb Insurance South Africa Limited

Thusang Mahlangu Allianz Global Corporate & Specialty South Africa Limited

 

Group D

Terrance Ray SCOR Africa Limited

Beat Strebel Swiss Re Africa Limited

 

Group E

Jacqueline Kilani ESCAP SOC Limited

Cedric Masondo Sasria SOC Limited

Maniki Rakgalakane Land Bank Insurance Company SOC Limited

 
Source: SAIA
 
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